If you are talking about western hollywood culture, it needs to die as it is actively harmful.
See, there's a lot of issues here. First is the idea that this was caused by blackrock. No, it was caused by two things: the infection of media by new woke college grads, and major media corporations losing their profit share as they run into competition with easier to set up independents.
Partially true.
Blackrock's CEO is actually all in on wokeness and he is a well known political hack that has been fundraising for the Clintons, for his aid the swamp has used blackrock on several occasions.
Furthermore, there is lots of governmental and NGO pressure supporting this shit because it is clientelist pandering.
However, Blackrock is far from the only active pusher of ESG crap.
Second, the idea that the good media companies won't survive. They usually will, because they are good. Generally, it's mostly the bad ones that die. Just like wolves usually kill the sick and injured deer, not the healthy ones.
Yeah, lovely theory, but we have all seen all the Gamers Are Dead crap that mostly every single outlet was spewing because the leftoid journos are a clique that engages in huge amounts of mutual favoritism and butt sniffing.
For example, Disney is starting to suffer because of this, though it probably won't die. Rooster Teeth died because of this, as they weren't producing a good enough show, etc. Meanwhile, the Daily Wire and most alt media are doing fine, as people watch them.
Yeah, people are building their own, and while I doubt small indies will have the same resources as Hollywood studios, but frankly, live action shit is overrated and anime and video games and independently punished books are the way to go.
However, we have lots of stupid consumers that will eat up mostly any piece of crap of it has Nebula or Hugo or an Oscar connected to it.
Vulture capitalism isn't the thing that kills the company though. Vulture capitalism happens after a company is dead. Quite simply, it isn't profitable to buy a healthy company, destroy it, then loot its remains.
we should start with the definition here, shouldn't we.
Now, it really depends how the "Vulture" in question operates.
I agree that many vulture capitalists have a bad rep, but they often provide a necessary service in dismantling shitty companies.
However, there are situations where they just cut costs all the way to the bone to boost the stock price, sell off useful assets and get the company into debt to boost the stock price, basically a pump and dump.
The problem is that capitalism and it's feedback systems lag, like everything else.
The destruction of companies isn't being done because of profit seeking.
From Morningstar,
According to Morgan Stanley, "50% of investors and nearly 75% of millennial investors made investment changes—or plan to—in response to social justice movements."
Is There a Problem With ‘Woke’ Investing?
In fact, the current destruction isn't even blackrock related, or at least not directly. Please know why enemies are actually enemies.
It certainly is Larry Fink and his Democratic party buddies are related.
The issue with Blackrock is that they vote shares they don't really own.
Yes, we need passive investing to actually be passive.
These shits are the "I am helping" kid from the Simpsons.
Everything bad flows out of this fundamental disconnect between the principal (person with money in a an investment/retirement account in an index fund), and the agent (Blackrock) who is violating their fiduciary duty by using that money to pursue wokeness. The solution is that index funds can't vote on stock, and 90% of blackrock's power is gone.
Note the link above, certainly there are lots of investors willing to pay extra for ESG and woke shit.
And in order to qualify for some tax cuts companies have to pander and fill diversity quotas.
Furthermore, the low interest rates of the past few decades and the general sluggishness of lazy consumers have dragged things out.
The consumers are also conformist and a lot of them can be guit tripped into watching shit because otherwise they are "bad people".
Gaslighting and media and social pressure does go so far though.
It is time to pay the piper.
Separately, there's an issue with companies starting to go bankrupt. This is a GOOD THING, and basically unrelated to Blackrock. Let me explain. First, companies mostly happening because interest rates are rising. What this means is that Fed Bills, which are incredibly reliable, suddenly become much more profitable, and thus businesses switch from investing into the stock market, to investing into safer things, as there's less opportunity cost now, so the added risk isn't worth it.
They all need to go bankrupt.
Disney, Sweet Baby's clients, WB, Paramount.
They will not be missed.
Now? Now comes the other side of the business cycle: a crunch. Without easy investment dollars, suddenly all the bad companies (and some good ones) are dying. This too is a good thing. Because if those companies didn't die, they'd still get investment and money and waste it all. They'd also waste the product of their employees' labor. Now all that money can be better spent. Vulture capitalism is simply the grabbing of the parts of those companies that were fine, and saving those, instead of letting it all die. This preserves work that was done.
You need both.
There is only one problem with them going broke, though.
While the consumer might be getting sick of the SJW shit finally, and investors will start shunning ESG and the higher interest rates will make it harder for the woke companies to continue doing crap we will definitely see the cry of too big to fail and muh important institutions, and "think of all the people who will become unemployed."
IMHO government and some of its adjacent woke orgs will demand for bailouts and more tax breaks for woke shit.
